Dalton Greiner Hartman Maher & Co. Sells 27,143 Shares of Oceaneering International (NYSE:OII)

Dalton Greiner Hartman Maher & Co. lowered its holdings in shares of Oceaneering International (NYSE:OII) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 934,647 shares of the oil and gas company’s stock after selling 27,143 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Oceaneering International were worth $13,936,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of OII. Manning & Napier Group LLC bought a new position in Oceaneering International during the fourth quarter worth about $32,477,000. Point72 Asset Management L.P. boosted its holdings in shares of Oceaneering International by 3,062.3% during the third quarter. Point72 Asset Management L.P. now owns 1,190,951 shares of the oil and gas company’s stock worth $16,137,000 after acquiring an additional 1,153,290 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Oceaneering International during the second quarter worth approximately $11,702,000. Great Lakes Advisors LLC bought a new stake in shares of Oceaneering International during the third quarter worth approximately $6,415,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Oceaneering International by 13.0% during the second quarter. Bank of New York Mellon Corp now owns 1,356,081 shares of the oil and gas company’s stock worth $27,651,000 after acquiring an additional 156,291 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

Shares of OII stock traded down $0.38 during trading on Wednesday, hitting $15.06. The company had a trading volume of 28,765 shares, compared to its average volume of 1,434,778. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.90 and a current ratio of 2.29. The firm has a market capitalization of $1.58 billion, a P/E ratio of -21.08 and a beta of 2.20. The stock’s 50-day moving average price is $14.51 and its 200 day moving average price is $14.69. Oceaneering International has a one year low of $11.38 and a one year high of $21.29.

Oceaneering International (NYSE:OII) last issued its quarterly earnings results on Wednesday, October 30th. The oil and gas company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.08). The company had revenue of $497.65 million during the quarter, compared to the consensus estimate of $527.81 million. Oceaneering International had a negative net margin of 7.55% and a negative return on equity of 5.69%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, research analysts anticipate that Oceaneering International will post -1.03 earnings per share for the current fiscal year.

OII has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on Oceaneering International in a report on Wednesday, November 27th. They set an “outperform” rating and a $18.00 price objective for the company. Sanford C. Bernstein initiated coverage on Oceaneering International in a report on Monday. They set an “underperform” rating and a $12.30 price objective for the company. Evercore ISI upgraded Oceaneering International from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $16.00 to $17.00 in a report on Thursday, December 12th. Bank of America initiated coverage on Oceaneering International in a report on Tuesday, November 12th. They set a “buy” rating and a $17.00 price objective for the company. Finally, Bernstein Bank initiated coverage on Oceaneering International in a report on Tuesday. They set an “underperform” rating and a $12.30 price objective for the company. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.69.

About Oceaneering International

Oceaneering International, Inc provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The company's Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.

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Institutional Ownership by Quarter for Oceaneering International (NYSE:OII)

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